Jun 14, 2022
Owning a pet is like adding a new member to the family. It also involves setting aside a budget to take care of regular as well as irregular expenses for their health, upkeep and maintenance. (Text by CIEL)
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It makes sense to evaluate insurance plans for pets to take care of different expenses. Pet insurance aims to provide financial security to the pet owner for the pet’s vet expenses, hospitalisation expenses, etc.
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Some insurance companies provide for life or accidental cover, some cover hospitalisation or treatment costs, while others cover theft or straying of the pet. Some insurance plans also provide cover against, or for, defending any third-party liability arising due to the pet. Insurance policies may also cover a pet’s vaccination costs. One should also take premiums into account while selecting the product.
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The pet needs to be at least eight weeks old to be eligible for an insurance cover. The insurance company may also specify the maximum age, like 10 years in case of dogs, till which insurance can be obtained.
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Any surgeries or procedures not resulting from an illness or accident are not covered. Insurance does not cover surgeries due to pregnancy or whelping or those done for grooming or dental/cosmetic reasons or to cure deformities.
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Many of the pet insurance plans offer coverage for dogs but exclude some other animals as pets.
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Insurance premiums may go up or down depending on the breed of the pet, indigenous or foreign.
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